Township of Franklin – Chester County – Liquid Fuels Tax Fund for the Period January 1, 2021 to December 31, 2023

The independent audit report for the Township of Franklin’s Liquid Fuels Tax Fund, covering January 1, 2021, to December 31, 2023, aimed to verify the accuracy of Forms MS-965 With Adjustments. The town’s management is responsible for the format of these forms, and the audit was conducted per the American Institute of Certified Public Accountants’ attestation standards and Government Auditing Standards. The examination involved assessing the risks of material misstatements, whether due to fraud or error, and gathering evidence to form a basis for the opinion. The audit identified no material weaknesses in internal control, and no instances of reported noncompliance affecting the form’s material accuracy were found. However, a non-permissible expenditure was noted. The audit ensures that the utilization of funds aligns with PA Department of Transportation’s guidelines and legal requirements, maintaining transparency and accountability in fund management. The process involved testing compliance with laws and regulations, although compliance was not the focus.